Kansas City Southern results hurt by U.S. rail congestion

By Staff, Reuters; April 20, 2018

April 20 (Reuters) – Kansas City Southern, a regional U.S. railroad with extensive operations in Mexico, reported lower-than expected quarterly revenue on Friday despite a 1 percent overall increase in rail volumes.

The Kansas City, Missouri-based company said its revenue gains in consumer goods, automotive and petroleum products were partially offset by big drops in agriculture, minerals and other energy cargo, as well as higher fuel and labor costs.

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